All articles by Archana Rani
Archana Rani
Lam Research commits $1.2bn to India semiconductor sector
The company has signed a MoU with the Karnataka government to lease, and purchase KIADB-owned land in Bengaluru.
Positron raises $23.5m for AI chip advancement
The company intends to boost production of its energy-efficient AI chips to provide a cost-effective alternative to Nvidia’s solutions.
EU launches €200bn InvestAI initiative for AI gigafactories
The InvestAI fund will finance four AI gigafactories across the EU which will be equipped to train the “most” complex, very large, AI models.
NXP Semiconductors to acquire edge AI chipmaker Kinara for $307m
Kinara’s high-performance NPUs cater to a variety of edge AI applications, including generative AI models.
Altman rejects Musk’s $97bn OpenAI offer with counterproposal
The bid is said to involve the possibility of a merger between xAI and OpenAI if the deal proceeds.
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France unveils €109bn investment pledges to boost AI
This financial commitment includes a €20bn from Brookfield and additional financing from the UAE potentially reaching €50bn.
Salesforce commits $500m to AI in Saudi Arabia
Salesforce’s investment will introduce Hyperforce advanced platform architecture to the Saudi market.
Startup Groq secures $1.5bn AI chip investment
Groq expects to receive the latest funds throughout this year to expand its Dammam data centre in Saudi Arabia.
Brookfield plans $20.7bn investment for French AI projects
Plans include €15bn of investment for a data centre in Cambrai.
SSI in funding talks for $20bn valuation
The valuation represents an increase from the company’s previous valuation of $5bn, following its funding round in September.